QuinStreet, Inc. (NASDAQ:QNST) Given Consensus Rating of “Buy” by Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has been assigned a consensus rating of “Buy” from the four ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is $20.88.

A number of equities research analysts have issued reports on QNST shares. StockNews.com upgraded QuinStreet to a “sell” rating in a research note on Saturday, April 13th. Craig Hallum upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, June 18th. Singular Research raised QuinStreet to a “moderate buy” rating in a report on Tuesday, May 14th. Stephens raised their price target on QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, B. Riley began coverage on QuinStreet in a report on Friday, April 19th. They set a “buy” rating and a $21.50 price target on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of QNST. FMR LLC grew its holdings in QuinStreet by 46.8% during the third quarter. FMR LLC now owns 1,814,168 shares of the technology company’s stock worth $16,273,000 after acquiring an additional 578,228 shares during the period. Basswood Capital Management L.L.C. grew its holdings in QuinStreet by 20.6% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company’s stock worth $12,912,000 after acquiring an additional 171,838 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of QuinStreet by 1,634.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 178,531 shares of the technology company’s stock valued at $2,289,000 after purchasing an additional 168,235 shares during the period. Nomura Holdings Inc. boosted its position in shares of QuinStreet by 92.2% in the 3rd quarter. Nomura Holdings Inc. now owns 300,401 shares of the technology company’s stock valued at $2,695,000 after purchasing an additional 144,129 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of QuinStreet by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company’s stock valued at $23,934,000 after purchasing an additional 114,980 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Price Performance

Shares of QNST opened at $15.34 on Friday. The business’s fifty day moving average price is $17.41 and its 200 day moving average price is $15.49. QuinStreet has a 12-month low of $8.08 and a 12-month high of $19.58. The stock has a market capitalization of $848.00 million, a PE ratio of -9.83 and a beta of 1.16.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Wednesday, May 8th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The company had revenue of $168.59 million during the quarter, compared to the consensus estimate of $166.54 million. QuinStreet had a negative net margin of 15.59% and a negative return on equity of 38.56%. As a group, research analysts anticipate that QuinStreet will post -0.55 earnings per share for the current fiscal year.

About QuinStreet

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.